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Conference Paper: The Halo Effect for Emerging Economy Firm’s Cross Border Acquisition Performance: Competitive Dynamics and Cross-Listing
| Title | The Halo Effect for Emerging Economy Firm’s Cross Border Acquisition Performance: Competitive Dynamics and Cross-Listing |
|---|---|
| Authors | |
| Issue Date | 2016 |
| Citation | 2016 Strategic Management Society Special Conference, Hong Kong, 10-12 December 2016 How to Cite? |
| Abstract | Our study explores the intersection of signaling theory and competitive dynamics to evaluate the implications of perceived performance from cross-border acquisitions. We examine how the performance of cross-border acquisitions by the non cross-listed firm is influenced by the cross listing of its rivals. By integrating signaling theory with the competitive dynamics literature, we propose that cross-listing by rivals results in a halo effect for the focal firm, enhancing its performance. A sample of 938 cross border acquisitions by emerging economies firms supported our hypotheses. Our result further showed that the halo effect is enhanced by the proximity of the rivals and is weakened when time elapses after rivals’ cross-listing. |
| Description | Session 331: Entry Strategies of Emerging Market Firms |
| Persistent Identifier | http://hdl.handle.net/10722/245803 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Phene, A | - |
| dc.contributor.author | Tang, Y | - |
| dc.contributor.author | Click, R | - |
| dc.contributor.author | Madhavan, R | - |
| dc.date.accessioned | 2017-09-18T02:17:10Z | - |
| dc.date.available | 2017-09-18T02:17:10Z | - |
| dc.date.issued | 2016 | - |
| dc.identifier.citation | 2016 Strategic Management Society Special Conference, Hong Kong, 10-12 December 2016 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/245803 | - |
| dc.description | Session 331: Entry Strategies of Emerging Market Firms | - |
| dc.description.abstract | Our study explores the intersection of signaling theory and competitive dynamics to evaluate the implications of perceived performance from cross-border acquisitions. We examine how the performance of cross-border acquisitions by the non cross-listed firm is influenced by the cross listing of its rivals. By integrating signaling theory with the competitive dynamics literature, we propose that cross-listing by rivals results in a halo effect for the focal firm, enhancing its performance. A sample of 938 cross border acquisitions by emerging economies firms supported our hypotheses. Our result further showed that the halo effect is enhanced by the proximity of the rivals and is weakened when time elapses after rivals’ cross-listing. | - |
| dc.language | eng | - |
| dc.relation.ispartof | Strategic Management Society Special Conference, 2016 | - |
| dc.title | The Halo Effect for Emerging Economy Firm’s Cross Border Acquisition Performance: Competitive Dynamics and Cross-Listing | - |
| dc.type | Conference_Paper | - |
| dc.identifier.email | Tang, Y: tangyn04@hku.hk | - |
| dc.identifier.authority | Tang, Y=rp02042 | - |
| dc.identifier.hkuros | 276921 | - |